Expect a Volatile 4th Quarter

September 30, 2019

Expect a Volatile 4th Quarter Photo

This week, the third quarter of 2019 comes to a close, and after all of the headline noise domestically and geopolitically, the fourth quarter is likely to be even more volatile for investors. Contributing to the market’s volatility are continued trade tensions (U.S./China and Brexit), and now, the impeachment proceedings in Washington. The U.S. economy continues to remain robust despite a weakening global economy; however, it is showing a few signs of weakness.

September jobs data will be reported this week, and it is expected to indicate that the economy added 140,000 jobs in the month and that the unemployment rate remained steady at 3.7%. I expect the U.S. to continue to outperform global assets, but it looks like financial assets will be under pressure this quarter. 

Tags: Volatility | Employment Report | U.S. economy | trade tensions

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